SEC May Ticket Speeding Traders

High-Frequency Firms Face Fees on Canceled Transactions

By

Scott Patterson And

Andrew Ackerman

February 23, 2012

WASHINGTON—The Securities and Exchange Commission is looking to curb high-frequency traders' huge influence on stock trading and is considering charging fees for the myriad buy and sell orders that are later canceled, among other options.

SEC Chairman Mary Schapiro said a large portion of equities trading has little to do with "the fundamentals of the company that's being traded." She said it had more to do with "the...